Butte semi-weekly miner. [volume] (Butte, Mont.) 1886-1890, 1887-08-10
Particulars About Mines in the Fourth
Of July and Elkh0rn Districts,
Including the Magnet Mine.
THE WOOD RIVER COUNTRY.

yelopment lone during the prescribed ten
DAYS. The owners, however, o O counsel
of some interested parties and refused to
proceed with the sale after every orange
ment looking thereto had been perfected as
above stated.
A BIG MINING DEAL.
While in the Wood River country Mr..
Branagan made the third examination
and final report upon the Camas No. 2
lode, since disposed OF to an English svndi-
cate for 81, 600, 900. paid asfollows: $780,
900 in cash, 100000 in mortgage bonds
and the remainder in stock in the enter
prise. The Camas No. 2 is situated on
Wood River, twelve miles from HALEY, and
was the property of Messrs. Tootle, Dono-
van Brothers and Evans. The mine ia de.
veloped by a shaft 500 feet in depth, 500
feet of levels. besides wines and crosscuts
which have disclosed q body of gold ore
varying in width from twelve to twenty
five feet and which gave a return Of $500
in carload lots, and from a part Of the
mine not by any means the most valuable.
There is a 2O-stamp mill on the claim, and
q railroads. now in process OF construction
from HALEY. Right OF way has been Sc
! cured, and the line will be rushed to COM
pletion. The sun of 100000, Of
which the purchasers of the
Camas No. 2 gave $4,000 has been
/ subscribed for the building ofthe road. The
buyers are recognized as among the leading
capitalists of the world and are the heaviest
| mining operators in Europe, with Offices in
| London and Paris, and an Office in this
country in New York. While the price paid
! is an enormous sum, the present owners are
sanguine OF realizing far in excess of the
amount invested, and confidently predict
the output of the Camas No. 2 will exceed
by far that famous g~old-producing prop
erty of Montana, the Drum Lummon.
| Wood Rivers boom seemst to have conn at
last, and as a number of present and form
er Montanians have interests in that
section, the pro~ductiveness of the country
is cheering news to all.
FOURTH OF JULY DISTRICT.
The Heeney placer ground, situated in
the Fourth of July district, is turning out
very satisfactorily. It is a little east of
south of the Fourth Of July mine. On a
| run between the first and fifteenth of July
| Mr.. Heeney cleaned up $1OO in nuggets be-
sides a -ood deal of fine dust. A large
ledge runs through the ground and is sup
posed to be the feeder, as the gold is coarse
showing little wear, as though it had been
washed only q short distance.
| AElOuS b lOO u uOdU pICkeu up dt Vic
Summit mine in same district was q piece
| OF rock out OF which was taken s.. This
is a recent discovery, and hardly any work
has been performed on it yet.
The Fourth OF July mine is idle at pres
emit. but will not remain so long it is stated.
No work is at present being done on the
Major Budd mine, but one who was there
recently says the main tunnel is in a dis
tance of 1 400 feet and Slopes have been
started for the entire length, in two in
stances 200 feet each. The ledge is seven
feet thick. About a month ago Major Budd
took one tor Of the second class ore from
these slopes, and by working process it
yielded 600 ounces, while from four sacks
of the firs1 class he secured at the rate of
5000 ounces per ton for two mems work.
The Tracy claim in the same district is
being sunk upon and is now down fifteen
feet, but still sinking. Considerable pros
pecting is being done ~hereabouts, and the
prospectors are meeting with such en-
couragement as to warrant them in con-
tinuing, but they all regret the mistake in
the St. Louis circular about the Major
Budd mine which, they are afraid, will re-
act on the district.
ELKHORN DISTRICT.
A miner recently from the Elkhorn dis
trict says that work is progressing at the
Magnet mine, under the superintendency of
William Wilson, assisted by Tom Moffat as
foreman. Twelve men are at present m
ployed. The mountain upon the side of
which the mine is situated is very steep
and is seven or eight thousand feet above
sea level. One tunnel is in a distance OF
10 o feet, and a Wine has been sunk at the
further end a depth of fifty feet. Another
tunnel has been started fifty feet lower
down the mountain side with the object of
striking the winze about $50 feet from
the mouth of the tunnel. The Gre taken
of the Wine shows up remarkably well.
The first class is alleged to go ZOO ounces, |
but bali this would be an extraordinary |
yield if kept up for any distance. 1t is said
to be q heavy, fine black sulphuret and can
be gouged out. The first class is found in
sometimes on tn hanging wall
and at other times on the foot wall, mixed
considerably with chlorides and is said to
be a very pretty looking ore. The same
states that the second class is a
very hard formation aud # a porous
quartzite, requiring considerable blasting
in stopping it.
The San Francisco mine in Elkhorn dis
is owned by Joseph Courtney & Co..
who work it themselves. 1t is a tunnel
which is in a distance of sixty feet. At the
entrance of the tunnel a thirty-foot shaft
was sunk to determine the value and ex-
tent of the ore body. They claim to have
ore in the shaft than that in the
tunnel, though all is said to be good from
The grass roots down. A shipment was
long since made to Colorado from
they say their returns were at the
ate of 5000 per ton.
The ElkhOrn camp was discovered in
1868, and is thirty miles from Bannack,
he nearest town. Some of the early miners
a good deal by leasing when the ore
lad to be shipped to Colorado for feduc-
Prospectors owning mines there go
them early in the spring and get out
'nough OF ore to ship to Colorado at a cost
II $40 q ton. Snow falls heavily during
he winter, and the working season is very
hort. Many locations mad in the Elk
lorn district recently are waiting upon the
outcome of the Magnet.
NEWS FROM THE NEIaHBoRHooD.
An informant states that the Spectator |
as produced considerable ore of a high
during the past month. The miners
there claim to have had to contend
nth a superfuity of water and bad
ir. 1t is stated that the water has been ]
ubdued by the increased action of the !
and the draining of the Bell mine .
hat was siping into the workings OF the
peculator. A fan has been so orange, as
o drive pure air continually into the {
riffs and workings. ]